Lead Capital Modelling Actuary - Economic in London

Responsibilities

• Entity Model Delivery: End‑to‑end ownership of economic capital models for assigned entities, including parameterisation, calculation kernel updates, and production runs.
• Key Performance Indicator(s): 100% on‑time delivery of model runs for business planning and strategic milestones, with model outputs structured to directly inform commercial decision‑making and fully explained attributions.
• Champion Commercial Application: Drive the understanding and application of return on capital metrics across underwriting and executive teams.
• Key Performance Indicator(s): Demonstrable integration of economic capital metrics into Business Planning, Pricing, and Reinsurance purchasing with high stakeholder engagement.
• Risk Delivery: Align economic model validation and risk investigations with wider frameworks, applying proportionate testing depth.
• Key Performance Indicator(s): Pragmatic resolution of validation queries, prioritised action plans, and submission packs delivered for sign‑off 48 hours prior to deadline.
• Methodology & Consistency: Lead R&D initiatives for the economic model, integrating tightly with Exposure Management, Pricing, and Reserving to make the model a dynamic financial tool.
• Key Performance Indicator(s): Measurable deployment of R&D enhancements that improve commercial accuracy, particularly regarding tail‑risk and exposure alignments.
• Propose Enhancements: Implement agreed model‑change items and obtain methodology approval from IMEG.
• Key Performance Indicator(s): Successful implementation of approved changes and updated parameters based on latest data.
• Technical Understanding: Develop and explain technical aspects of capital modelling to team members and stakeholders.
• Key Performance Indicator(s): Clear communication of concepts and explanatory insights into result movements.
• Reporting & Business Insight: Produce internal capital reports, validation logs, forward‑looking macroeconomic stress tests, and scenario analysis to support the Group’s risk appetite and ORSA processes.
• Key Performance Indicator(s): Stakeholder confirmation of model outputs, timely delivery of inputs to Finance/Strategy, and dynamic, clearly articulated stress testing scenarios.
• Process Optimisation: Identify and implement automation or other streamlining opportunities to maximise operational efficiency.
• Key Performance Indicator(s): Measurable reduction in manual process time or model runtime and deployment of automated tools/scripts.
• Flexible Support: Contribute workload during peak periods, support regulatory submissions, and facilitate cross‑pollination of methodologies across the capital team.
• Key Performance Indicator(s): Seamless integration into Entity/RI teams and high utilisation of assigned tasks.
• Documentation & Audit Trail: Maintain robust audit trails, version control, assumptions and expert judgement logs to meet governance standards.
• Key Performance Indicator(s): Documentation is detailed enough for business continuity and internal audit without excessive overhead.
• Team Management: Provide clear direction, manage objectives, foster collaboration, and develop annual performance reviews for team members.
• Key Performance Indicator(s): Alignment of team objectives with company goals, smooth collaboration, and low staff turnover.
• Risk & Control: Uphold Health & Safety, Conduct Risk, and GDPR policies and report any breaches to the Data Protection Officer.
• Key Performance Indicator(s): Adherence to statutory regulations, Lloyd’s principles, and Antares Global policies with timely completion of related training.

Qualifications

• Education: Minimum 2:1 degree in a highly quantitative field (e.g., Mathematics, Physics, Actuarial Science).
• Professional Accreditation: Qualified Actuary (IFoA or equivalent).
• Experience: 7+ years of dedicated capital modelling experience, including full‑cycle model development and senior advisory on model use.
• Technical Competencies: Advanced proficiency in capital modelling platforms (Igloo preferred) and Economic Scenario Generators (ESGs).
• Analytical Depth: Ability to perform deep‑dive validation, explain result movements through attribution analysis, and justify expert judgements.
• Process Efficiency: Track record of improving modelling efficiency, coding standards, and automation of outputs.
• Regulatory Proportionality: Working knowledge of Solvency II/UK frameworks (PRA, Lloyd’s BMA) and ability to apply them proportionally to economic models.
• Asset‑Liability Matching & Macroeconomic Modelling: Deep understanding of ESG mechanics to model asset risk, inflation volatility, interest rate shifts, and liquidity constraints under stressed conditions.
• Leadership & Behaviour: Capability to organise workloads, delegate, provide constructive feedback, and influence stakeholders.
• Delivery Focus: Accountability for meeting hard deadlines with high‑quality output.